0001157601 us-gaap:StateAndLocalJurisdictionMember us-gaap:ResearchMember 2014-12-31 0001157601 us-gaap:DomesticCountryMember us-gaap:ResearchMember 2014-12-31 0001157601 us-gaap:OfficerMember 2012-11-01 2012-11-30 0001157601 snta:LargestShareholderMembersOfBoardOfDirectorsAndEntitiesAffiliatedWithDirectorsMember snta:PublicOfferingMember 2013-11-01 2013-11-30 0001157601 snta:PublicOfferingSecondClosingMember 2013-11-01 2013-11-30 0001157601 snta:PublicOfferingInitialClosingMember 2013-11-01 2013-11-30 0001157601 snta:DirectorsIncludingLargestShareholderMember snta:RegisteredDirectOfferingMember 2012-12-01 2012-12-31 0001157601 snta:PublicOfferingSecondClosingMember 2012-02-01 2012-02-29 0001157601 snta:LargestShareholderAndMemberOfBoardOfDirectorsMember snta:PublicOfferingMember 2012-01-01 2012-02-29 0001157601 snta:LargestShareholderAndMemberOfBoardOfDirectorsMember snta:PublicOfferingMember 2012-01-01 2012-01-31 0001157601 snta:PublicOfferingInitialClosingMember 2012-01-01 2012-01-31 0001157601 us-gaap:RetainedEarningsMember 2014-12-31 0001157601 us-gaap:AdditionalPaidInCapitalMember 2014-12-31 0001157601 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2014-12-31 0001157601 us-gaap:RetainedEarningsMember 2013-12-31 0001157601 us-gaap:AdditionalPaidInCapitalMember 2013-12-31 0001157601 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2013-12-31 0001157601 us-gaap:RetainedEarningsMember 2012-12-31 0001157601 us-gaap:AdditionalPaidInCapitalMember 2012-12-31 0001157601 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2012-12-31 0001157601 us-gaap:RetainedEarningsMember 2011-12-31 0001157601 us-gaap:AdditionalPaidInCapitalMember 2011-12-31 0001157601 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-12-31 0001157601 snta:LargestShareholderMembersOfBoardOfDirectorsAndEntitiesAffiliatedWithDirectorsMember snta:RegisteredDirectOfferingMember 2014-04-30 0001157601 snta:LargestShareholderMembersOfBoardOfDirectorsAndEntitiesAffiliatedWithDirectorsMember snta:PublicOfferingMember 2013-11-30 0001157601 snta:PublicOfferingMember 2013-11-30 0001157601 snta:DirectorsIncludingLargestShareholderMember snta:RegisteredDirectOfferingMember 2012-12-31 0001157601 snta:RegisteredDirectOfferingMember 2012-12-31 0001157601 snta:DirectorsIncludingLargestShareholderMember snta:RegisteredDirectOfferingMember 2012-07-31 0001157601 snta:PublicOfferingMember 2012-02-29 0001157601 snta:LargestShareholderAndMemberOfBoardOfDirectorsMember snta:PublicOfferingMember 2012-01-31 0001157601 snta:EmployeeAndDirectorsStockOptionsMember 2013-12-31 0001157601 snta:StockPlan2006Member us-gaap:SubsequentEventMember 2015-01-31 0001157601 snta:StockPlan2006Member 2014-12-31 0001157601 us-gaap:RestrictedStockMember 2013-12-31 0001157601 snta:EmployeeAndDirectorsStockOptionsMember snta:StockPlan2006Member us-gaap:MaximumMember 2014-01-01 2014-12-31 0001157601 snta:GeneralElectricCapitalCorporationTermLoanMember 2013-03-31 0001157601 us-gaap:MinimumMember 2014-01-01 2014-12-31 0001157601 us-gaap:LeaseholdImprovementsMember 2014-12-31 0001157601 us-gaap:FurnitureAndFixturesMember 2014-12-31 0001157601 us-gaap:EquipmentMember 2014-12-31 0001157601 snta:ComputersAndSoftwareMember 2014-12-31 0001157601 us-gaap:LeaseholdImprovementsMember 2013-12-31 0001157601 us-gaap:FurnitureAndFixturesMember 2013-12-31 0001157601 us-gaap:EquipmentMember 2013-12-31 0001157601 snta:ComputersAndSoftwareMember 2013-12-31 0001157601 us-gaap:DirectorMember 2013-01-01 2013-01-31 0001157601 snta:LargestShareholderMembersOfBoardOfDirectorsAndEntitiesAffiliatedWithDirectorsMember snta:RegisteredDirectOfferingMember 2014-04-01 2014-04-30 0001157601 snta:PublicOfferingMember 2013-11-01 2013-11-30 0001157601 snta:RegisteredDirectOfferingMember 2012-12-01 2012-12-31 0001157601 snta:DirectorsIncludingLargestShareholderMember snta:RegisteredDirectOfferingMember 2012-07-01 2012-07-31 0001157601 snta:PublicOfferingMember 2012-01-01 2012-02-29 0001157601 snta:GeneralElectricCapitalCorporationTermLoanMember 2013-03-01 2013-03-31 0001157601 snta:OxfordFinanceCorporationTermLoanMember 2011-03-01 2011-03-31 0001157601 snta:OxfordFinanceCorporationTermLoanMember 2013-01-01 2013-06-30 0001157601 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2014-01-01 2014-12-31 0001157601 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2013-01-01 2013-12-31 0001157601 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2012-01-01 2012-12-31 0001157601 us-gaap:StateAndLocalJurisdictionMember 2014-12-31 0001157601 us-gaap:DomesticCountryMember 2014-12-31 0001157601 us-gaap:RetainedEarningsMember 2014-01-01 2014-12-31 0001157601 us-gaap:RetainedEarningsMember 2013-01-01 2013-12-31 0001157601 us-gaap:RetainedEarningsMember 2012-01-01 2012-12-31 0001157601 snta:OxfordFinanceCorporationTermLoanMember 2013-01-01 2013-12-31 0001157601 us-gaap:RestrictedStockMember 2014-12-31 0001157601 snta:EmployeeAndDirectorsStockOptionsMember 2014-12-31 0001157601 2014-10-01 2014-12-31 0001157601 2014-07-01 2014-09-30 0001157601 2014-04-01 2014-06-30 0001157601 2014-01-01 2014-03-31 0001157601 2013-10-01 2013-12-31 0001157601 2013-07-01 2013-09-30 0001157601 2013-04-01 2013-06-30 0001157601 2013-01-01 2013-03-31 0001157601 us-gaap:MaximumMember 2014-01-01 2014-12-31 0001157601 snta:OxfordFinanceCorporationTermLoanMember 2014-01-01 2014-12-31 0001157601 snta:OxfordFinanceCorporationTermLoanMember 2014-12-31 0001157601 snta:GeneralElectricCapitalCorporationTermLoanMember 2014-12-31 0001157601 us-gaap:CommonStockMember 2014-12-31 0001157601 us-gaap:CommonStockMember 2013-12-31 0001157601 us-gaap:CommonStockMember 2012-12-31 0001157601 us-gaap:CommonStockMember 2011-12-31 0001157601 snta:CorporateDebtSecuritiesDueWithinThreeMonthsMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2014-12-31 0001157601 snta:CashAndMoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2014-12-31 0001157601 snta:CorporateDebtSecuritiesDueWithinThreeMonthsMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2014-12-31 0001157601 snta:CashAndMoneyMarketFundsMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2014-12-31 0001157601 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2014-12-31 0001157601 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2014-12-31 0001157601 snta:CorporateDebtSecuritiesDueWithinThreeMonthsMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2013-12-31 0001157601 snta:CashAndMoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2013-12-31 0001157601 snta:CorporateDebtSecuritiesDueWithinThreeMonthsMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2013-12-31 0001157601 snta:CashAndMoneyMarketFundsMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2013-12-31 0001157601 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2013-12-31 0001157601 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2013-12-31 0001157601 2011-12-31 0001157601 us-gaap:CorporateDebtSecuritiesMember 2014-12-31 0001157601 us-gaap:CorporateDebtSecuritiesMember 2013-12-31 0001157601 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:CorporateDebtSecuritiesMember 2014-12-31 0001157601 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CorporateDebtSecuritiesMember 2014-12-31 0001157601 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:CorporateDebtSecuritiesMember 2013-12-31 0001157601 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CorporateDebtSecuritiesMember 2013-12-31 0001157601 us-gaap:RestrictedStockMember 2014-01-01 2014-12-31 0001157601 snta:EmployeeAndDirectorsStockOptionsMember 2014-01-01 2014-12-31 0001157601 us-gaap:RestrictedStockMember 2013-01-01 2013-12-31 0001157601 snta:EmployeeAndDirectorsStockOptionsMember 2013-01-01 2013-12-31 0001157601 us-gaap:RestrictedStockMember 2012-01-01 2012-12-31 0001157601 snta:EmployeeAndDirectorsStockOptionsMember 2012-01-01 2012-12-31 0001157601 us-gaap:RestrictedStockMember 2014-01-01 2014-12-31 0001157601 us-gaap:ResearchAndDevelopmentExpenseMember 2014-01-01 2014-12-31 0001157601 us-gaap:GeneralAndAdministrativeExpenseMember 2014-01-01 2014-12-31 0001157601 snta:EmployeeAndDirectorsStockOptionsMember 2014-01-01 2014-12-31 0001157601 us-gaap:RestrictedStockMember 2013-01-01 2013-12-31 0001157601 us-gaap:ResearchAndDevelopmentExpenseMember 2013-01-01 2013-12-31 0001157601 us-gaap:GeneralAndAdministrativeExpenseMember 2013-01-01 2013-12-31 0001157601 snta:EmployeeAndDirectorsStockOptionsMember 2013-01-01 2013-12-31 0001157601 us-gaap:RestrictedStockMember 2012-01-01 2012-12-31 0001157601 us-gaap:ResearchAndDevelopmentExpenseMember 2012-01-01 2012-12-31 0001157601 us-gaap:GeneralAndAdministrativeExpenseMember 2012-01-01 2012-12-31 0001157601 snta:EmployeeAndDirectorsStockOptionsMember 2012-01-01 2012-12-31 0001157601 us-gaap:AssetsHeldUnderCapitalLeasesMember 2014-12-31 0001157601 us-gaap:AssetsHeldUnderCapitalLeasesMember 2013-12-31 0001157601 snta:AtTheMarketIssuanceSalesAgreementMember 2014-05-01 2014-07-31 0001157601 snta:AtTheMarketIssuanceSalesAgreementMember 2014-03-01 2014-04-30 0001157601 us-gaap:AdditionalPaidInCapitalMember 2014-01-01 2014-12-31 0001157601 us-gaap:AdditionalPaidInCapitalMember 2013-01-01 2013-12-31 0001157601 us-gaap:AdditionalPaidInCapitalMember 2012-01-01 2012-12-31 0001157601 us-gaap:CommonStockMember 2014-01-01 2014-12-31 0001157601 us-gaap:CommonStockMember 2013-01-01 2013-12-31 0001157601 us-gaap:CommonStockMember 2012-01-01 2012-12-31 0001157601 snta:StockPlan2006Member 2014-01-01 2014-12-31 0001157601 2012-12-31 0001157601 snta:MLVAndCoLLCMember us-gaap:MaximumMember snta:AtTheMarketIssuanceSalesAgreementMember 2014-01-01 2014-12-31 0001157601 snta:LicenseArrangementMember 2014-05-31 0001157601 us-gaap:CorporateDebtSecuritiesMember us-gaap:MaximumMember 2014-01-01 2014-12-31 0001157601 us-gaap:CorporateDebtSecuritiesMember us-gaap:MaximumMember 2013-01-01 2013-12-31 0001157601 snta:CorporateDebtSecuritiesDueWithinThreeMonthsMember us-gaap:MaximumMember 2014-01-01 2014-12-31 0001157601 snta:CorporateDebtSecuritiesDueWithinThreeMonthsMember us-gaap:MaximumMember 2013-01-01 2013-12-31 0001157601 snta:GeneralElectricCapitalCorporationTermLoanMember 2013-01-01 2013-12-31 0001157601 snta:GeneralElectricCapitalCorporationTermLoanMember 2012-01-01 2012-12-31 0001157601 2013-01-01 2013-12-31 0001157601 2012-01-01 2012-12-31 0001157601 snta:OxfordFinanceCorporationTermLoanMember 2014-04-01 2014-04-30 0001157601 snta:OxfordFinanceCorporationTermLoanMember 2012-01-01 2012-12-31 0001157601 snta:GeneralElectricCapitalCorporationTermLoanMember 2014-01-01 2014-01-31 0001157601 snta:GeneralElectricCapitalCorporationTermLoanMember 2012-07-01 2013-03-31 0001157601 snta:OxfordFinanceCorporationTermLoanMember 2011-05-01 2011-05-31 0001157601 snta:GeneralElectricCapitalCorporationTermLoanMember 2014-01-01 2014-12-31 0001157601 snta:GeneralElectricCapitalCorporationTermLoanMember us-gaap:MaximumMember 2014-01-01 2014-12-31 0001157601 snta:OxfordFinanceCorporationTermLoanMember us-gaap:MinimumMember 2014-01-01 2014-12-31 0001157601 snta:OxfordFinanceCorporationTermLoanMember us-gaap:MaximumMember 2012-12-31 0001157601 snta:AtTheMarketIssuanceSalesAgreementMember 2014-07-01 2014-09-30 0001157601 snta:AtTheMarketIssuanceSalesAgreementMember 2014-07-01 2014-07-31 0001157601 2011-03-01 2011-03-31 0001157601 2014-12-31 0001157601 2013-12-31 0001157601 2014-06-30 0001157601 2015-03-06 0001157601 2014-01-01 2014-12-31 iso4217:USD xbrli:shares xbrli:pure snta:lease snta:item snta:payment snta:Vote iso4217:USD xbrli:shares false --12-31 FY 2014 2014-12-31 10-K 0001157601 109120670 Yes Accelerated Filer 275002606.09 SYNTA PHARMACEUTICALS CORP No No 10407000 12317000 5718000 6177000 1000000 18000 12000 1000 8000 50000000 27000000 1 600000 2000000 4000000 788000 36 9 30 36 1400000 P3Y 2000000 3167000 661000 1920000 5646000 1910000 300000 600000 400000 P3M P3M P1Y P1Y 2 1 3 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">7) Other Accrued Liabilities </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other accrued liabilities as of December&nbsp;31, 2014 and December&nbsp;31, 2013 consisted of the following (in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.24%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:21.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:01.22%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:21.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:01.22%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Compensation and benefits</font></p> </td> <td valign="bottom" style="width:01.24%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,852&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,137&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Professional fees</font></p> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,285&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,585&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Other</font></p> </td> <td valign="bottom" style="width:01.24%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,040&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>996&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,177&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,718&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 1800000 2900000 1900000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Patents </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Costs to secure and defend patents are expensed as incurred and are classified as general and administrative expense in the Company's consolidated statements of operations. Patent expenses were approximately $1.9&nbsp;million, $2.9&nbsp;million, and $1.8&nbsp;million for the years ended December&nbsp;31, 2014, 2013 and 2012, respectively. </font> </p> <p><font size="1"> </font></p> </div> </div> 0.03 53545000 19437000 4992000 0 0 0 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other accrued liabilities as of December&nbsp;31, 2014 and December&nbsp;31, 2013 consisted of the following (in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.24%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:21.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:01.22%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:21.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:01.22%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Compensation and benefits</font></p> </td> <td valign="bottom" style="width:01.24%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,852&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,137&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Professional fees</font></p> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,285&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,585&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Other</font></p> </td> <td valign="bottom" style="width:01.24%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,040&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>996&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,177&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.90%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:17.56%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,718&nbsp; </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense during the years ended December&nbsp;31, 2014, 2013 and 2012 was as follows (in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:26.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years ended December&nbsp;31, </font></p> </td> <td valign="bottom" style="width:00.74%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:00.74%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:00.74%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2012 </font></p> </td> <td valign="bottom" style="width:00.74%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Stock-based compensation expense by type of award:</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Employee stock options</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,076&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,757&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,082&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Restricted stock</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>355&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>273&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>240&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total stock-based compensation expense</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,431&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,030&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,322&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Effect of stock-based compensation expense by line item:</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Research and development</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,412&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,220&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,485&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">General and administrative</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,019&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,810&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>837&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total stock-based compensation expense included in net loss</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,431&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,030&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,322&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 1300000 0.05 11264102 10916667 21692753 7762600 5183333 1250000 65107000 65106000 1000 37629000 37628000 1000 88942000 88940000 2000 53545000 53544000 1000 19437000 19436000 1000 4992000 4992000 4.25 4.24 4.05 6589000 3139000 1585000 1285000 20476000 0 20483000 42000 17000 4000 600477000 702694000 3322000 3322000 6030000 6030000 7431000 7431000 3322000 3082000 837000 2485000 240000 6030000 5757000 2810000 3220000 273000 7431000 7076000 3019000 4412000 355000 5521584 35122 6814417 45000 8829343 744514 95203000 100675000 92241000 99346000 42969000 42986000 51662000 51666000 18000 12000 1000 8000 42986000 51666000 85000 42000 42000 126000 85000 43000 88000 44000 44000 3000 30075000 81512000 48490000 46024000 48490000 48490000 40586000 7904000 40586000 7904000 46024000 46024000 45004000 1020000 45004000 1020000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Cash and Cash Equivalents </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company considers all highly liquid investments with original maturities of three months or less at the date of purchase and an investment in a money market fund to be cash equivalents. Changes in the level of cash and cash equivalents may be affected by changes in investment portfolio maturities, as well as actual cash disbursements to fund operations. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The primary objective of the Company's investment activities is to preserve its capital for the purpose of funding operations and the Company does not enter into investments for trading or speculative purposes. The Company's cash is deposited in a highly rated financial institution in the United States. The Company invests in money market funds and high-grade, short-term commercial paper and corporate bonds, which management believes are subject to minimal credit and market risk. Declines in interest rates, however, would reduce future investment income. </font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">(3) Cash, Cash Equivalents and Marketable Securities </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A summary of cash, cash equivalents and available-for-sale marketable securities held by the Company as of December&nbsp;31, 2014 and December&nbsp;31, 2013 was as follows in thousands (see Note&nbsp;2): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:36.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31, 2014 </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cost </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unrealized</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">gains </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unrealized</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">losses </font></p> </td> <td valign="bottom" style="width:00.86%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">value </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Cash and cash equivalents:</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Cash and money market funds (Level&nbsp;1)</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,004 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,004 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Corporate debt securities due within 3&nbsp;months of date of purchase (Level&nbsp;2)</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,020 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,020 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total cash and cash equivalents</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,024 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,024 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Marketable securities:</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Corporate debt securities due within 1&nbsp;year of date of purchase (Level&nbsp;2)</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,662 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8 </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,666 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total cash, cash equivalents and marketable securities</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,686 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8 </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,690 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:36.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31, 2013 </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cost </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unrealized</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">gains </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unrealized</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">losses </font></p> </td> <td valign="bottom" style="width:00.86%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">value </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Cash and cash equivalents:</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Cash and money market funds (Level&nbsp;1)</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,586 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,586 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Corporate debt securities due within 3&nbsp;months of date of purchase (Level&nbsp;2)</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,904 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,904 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total cash and cash equivalents</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48,490 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48,490 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Marketable securities:</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Corporate debt securities due within 1&nbsp;year of date of purchase (Level&nbsp;2)</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,969 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1 </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,986 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total cash, cash equivalents and marketable securities</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>91,459 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1 </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>91,476 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 91459000 91476000 97700000 97686000 97690000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">(8) Co-Development and License Agreements </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Co-Development Agreement </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In July 2011, the Company entered into a co-development agreement with a clinical research organization (CRO) for the conduct of certain company-sponsored clinical trials. Under the co-development agreement, this CRO was performing clinical research services under a reduced fee structure in exchange for a share of licensing payments and commercial revenues, if any, resulting from the product under development up to a specified maximum payment, which is defined as a multiple of the fee reduction realized. Research and development expenses were being recognized based on the reduced fee structure and expected payments will be recorded in the future if and when payment is probable. The maximum amount of the service fee discount was realized in the year ended December&nbsp;31, 2013. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">License Arrangement </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In May 2014, the Company entered into a license arrangement for its CRACM program, including two lead candidates and the associated intellectual property portfolio, with PRCL Research&nbsp;Inc. (PRCL), a company funded by TVM Life Science Venture VII and the Fonds de Solidarit&#xE9; des Travailleurs du Qu&#xE9;bec, based in Montreal, Canada. PRCL plans to develop one of the two lead candidates licensed from the Company to proof-of-concept. Synta was granted a minority interest in PRCL in exchange for its contribution of know-how and intellectual property and will also hold a seat on PRCL's Board of Directors. Synta will not be required to provide any research funding or capital contributions to PRCL. Synta will be reimbursed by PRCL for any ongoing intellectual property management costs in connection with the contributed intellectual property and may conduct preclinical research activities which would be reimbursed by PRCL. If and when proof-of-concept is reached with either drug candidate, Eli Lilly and Company, which is an investor in TVM, will manage the development program through one of its divisions and will have an option to acquire PRCL or its assets at the then fair value. </font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">(11) Commitments and Contingencies </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Leases </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company leases its research and office facilities under three non-cancelable and renewable operating leases with terms expiring in the fourth quarter of 2016. These lease agreements include customary provisions for rent increases, escalations for operating costs and renewals. The Company also leases equipment under various other non-cancellable operating leases. The Company recognizes rent expense on a straight-line basis over the non-cancelable term of the lease. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future minimum payments, excluding operating costs and taxes, under the Company's capital and non-cancellable operating leases are approximately as follows (in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:15.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Operating</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">leases </font></p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Capital</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">leases </font></p> </td> <td valign="bottom" style="width:01.58%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Years ending December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">2015</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,226 </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44 </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">2016</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,995 </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44 </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">2017</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total minimum payments</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,246 </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88 </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Less: amount representing interest</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3 </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Present value of minimum payments</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85 </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Less current portions of obligations</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(42 </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Long term obligation</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43 </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rent expense under operating leases was approximately $2.3&nbsp;million, $2.2&nbsp;million and $2.2&nbsp;million, for the years ended December&nbsp;31, 2014, 2013 and 2012, respectively. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Guarantees </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As permitted under Delaware law, the Company's Certificate of Incorporation and Bylaws provide that the Company will indemnify certain of its officers and directors for certain claims asserted against them in connection with their service as an officer or director. The maximum potential amount of future payments that the Company could be required to make under these indemnification provisions is unlimited. However, the Company has purchased a directors' and officers' liability insurance policy that reduces its monetary exposure and enables it to recover a portion of any future amounts paid. The Company believes the estimated fair value of these indemnification arrangements is minimal. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company customarily agrees in the ordinary course of its business to indemnification provisions in agreements with clinical trial investigators in its drug development programs, in sponsored research agreements with academic and not-for-profit institutions, in various comparable agreements involving parties performing services for the Company in the ordinary course of business, and in its real estate leases. The Company expects to agree to certain indemnification provisions in drug discovery and development collaboration agreements the Company may enter into. With respect to the Company's clinical trials and sponsored research agreements, these indemnification provisions typically apply to any claim asserted against the investigator or the investigator's institution relating to personal injury or property damage, violations of law or certain breaches of the Company's contractual obligations arising out of the research or clinical testing of the Company's compounds or drug candidates. With respect to lease agreements, the indemnification provisions typically apply to claims asserted against the landlord relating to personal injury or property damage caused by the Company, to violations of law by the Company or to certain breaches of the Company's contractual obligations. The indemnification provisions appearing in collaboration agreements are similar, but in addition provide some limited indemnification for the collaborator in the event of third-party claims alleging infringement of intellectual property rights. In each of the cases above, the term of these indemnification provisions generally survives the termination of the agreement, although the provision has the most relevance during the contract term and for a short period of time thereafter. The maximum potential amount of future payments that the Company could be required to make under these provisions is generally unlimited. The Company purchases insurance policies covering personal injury, property damage and general liability that reduce its exposure for indemnification and would enable it in many cases to recover a portion of any future amounts paid. The Company has never paid any material amounts to defend lawsuits or settle claims related to these indemnification provisions. Accordingly, the Company believes the estimated fair value of these indemnification arrangements is minimal. </font> </p> <p><font size="1"> </font></p> </div> </div> 0.0001 0.0001 200000000 200000000 49539808 68930082 85232506 85232506 109120670 109120670 85232506 109120670 9000 11000 -62791000 -90177000 -86174000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Comprehensive Loss </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comprehensive loss is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. Changes in unrealized gains and losses on marketable securities represent the only difference between the Company's net loss and comprehensive loss. </font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Principles of Consolidation </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The condensed consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. </font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future minimum payments, excluding operating costs and taxes, under the Company's capital and non-cancellable operating leases are approximately as follows (in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:15.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Operating</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">leases </font></p> </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Capital</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">leases </font></p> </td> <td valign="bottom" style="width:01.58%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Years ending December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">2015</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,226 </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44 </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">2016</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,995 </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44 </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">2017</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total minimum payments</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,246 </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88 </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Less: amount representing interest</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3 </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Present value of minimum payments</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85 </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Less current portions of obligations</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(42 </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Long term obligation</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43 </td> <td valign="bottom" style="width:01.58%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.82%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:12.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.58%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">(9) Term Loans </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">General Electric Capital Corporation </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In March 2013, the Company amended its loan and security agreement entered into in September 2010 with General Electric Capital Corporation (GECC) and another lender (the GECC Term Loan) and obtained $12.9&nbsp;million in additional loan funding and, as a result, increased the principal balance to $22.5&nbsp;million at March&nbsp;31, 2013. This amendment was accounted for as a loan modification. Interest on the borrowings under the GECC Term Loan remains at the annual rate of 9.75%. In January 2014, the Company began making 30 equal monthly payments of principal plus accrued interest on the outstanding balance. During the period from July 2012 through March 2013, the Company made 9&nbsp;equal monthly payments of principal under the GECC Term Loan. For the periods from April 2013 through December 2013 and prior to July 2012 the Company made interest-only payments. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has paid various transaction fees and expenses in connection with the GECC Term Loan, which are deferred and are being amortized as interest expense over the remaining term of the GECC Term Loan. In addition, the Company is obligated to pay an exit fee of $788,000 at the time of the final principal payment which is being accreted and expensed as interest over the remaining term of the GECC Term Loan. In the years ended December&nbsp;31, 2014, 2013 and 2012, the Company recognized GECC Term Loan interest expense of $2.1&nbsp;million, $2.5&nbsp;million and $1.7&nbsp;million, respectively, of which $0.4&nbsp;million, $0.6&nbsp;million and $0.3&nbsp;million, respectively, was in connection with these transaction and exit fees and expenses. The Company may prepay the full amount of the GECC Term Loan, subject to prepayment premiums under certain circumstances. The Company did not issue any warrants in connection with the GECC Term Loan. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The GECC Term Loan is secured by substantially all of the Company's assets, except its intellectual property. The Company has granted GECC a springing security interest in its intellectual property in the event the Company is not in compliance with certain cash usage covenants, as defined therein. The GECC Term Loan contains restrictive covenants, including the requirement for the Company to receive the prior written consent of GECC to enter into loans, other than up to $4.0&nbsp;million of equipment financing, restrictions on the declaration or payment of dividends, restrictions on acquisitions, and customary default provisions that include material adverse events, as defined therein. The Company has determined that the risk of subjective acceleration under the material adverse events clause is remote and therefore has classified the outstanding principal in current and long-term liabilities based on the timing of scheduled principal payments. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Oxford Finance Corporation </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In March 2011, the Company entered into a loan and security agreement with Oxford Finance Corporation (Oxford) and received $2.0&nbsp;million in loan funding, and in December 2012, the Company entered into a loan modification agreement, as amended, under which the Company could elect to draw down up to an additional $0.6&nbsp;million in equipment financing until June&nbsp;30, 2013 that would be payable in 36 equal monthly payments of principal plus accrued interest on the outstanding balance (collectively, the Oxford Term Loan). As of June&nbsp;30, 2013, the Company had fully utilized the $0.6&nbsp;million in additional equipment financing. Interest on the borrowings under the Oxford Term Loan accrues at an annual rate of 13.35%. In May 2011, the Company began making 36 equal monthly payments of principal plus accrued interest on the initial $2.0&nbsp;million outstanding balance that was fully paid in April 2014. The Company continues to make equal monthly payments of principal plus accrued interest on the $0.6&nbsp;million in additional equipment financing. The Company recognized approximately $59,000, $127,000 and $172,000 in interest expense in the years ended December&nbsp;31, 2014, 2013 and 2012, respectively, related to the outstanding principal under the Oxford Term Loan. In addition to the interest payable under the Oxford Term Loan, the Company paid approximately $108,000 of administrative and legal fees and expenses in connection with the Oxford Term Loan. These expenses have been deferred and are being expensed over the term of the Oxford Term Loan. The Company did not issue any warrants in connection with the Oxford Term Loan. The Company may prepay the Oxford Term Loan, subject to prepayment premiums under certain circumstances. Oxford has the right to require the Company to prepay the Oxford Term Loan if the Company prepays the full amount of the GECC Term Loan under certain circumstances. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Oxford Term Loan is secured by certain laboratory and office equipment, furniture and fixtures. In connection with the Oxford Term Loan, Oxford and GECC entered into a Lien Subordination Agreement, whereby GECC granted Oxford a first priority perfected security interest in the loan collateral. The Oxford Term Loan contains restrictive covenants, including the requirement for the Company to receive the prior written consent of Oxford to enter into acquisitions in which the Company incurs more than $2.0&nbsp;million of related indebtedness, and customary default provisions that include material adverse events, as defined therein. The Company has determined that the risk of subjective acceleration under the material adverse events clause is remote and therefore has classified the outstanding principal in current and long-term liabilities based on the timing of scheduled principal payments. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future principal payments under the GECC and Oxford Term Loans as of December&nbsp;31, 2014 were approximately as follows (in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Years ending December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.34%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.24%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">2015</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.34%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:18.34%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,214 </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">2016</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.34%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,607 </td> <td valign="bottom" style="width:02.24%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total principal payments</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.34%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,821 </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Less current portion</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.34%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,214 </td> <td valign="bottom" style="width:02.24%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Long term portion</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.34%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:18.34%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,607 </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 0.0975 0.1335 108000 200067000 226985000 170557000 194091000 1169000 1427000 2412000 2423000 19675000 21401000 6254000 7643000 200067000 226985000 376000 413000 359000 0.06 0.50 738000 516000 673000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">(6) Stock-Based Compensation </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's 2006 Stock Plan provides for the grant of incentive stock options, non-statutory stock options and non-vested restricted stock to employees, officers, directors and consultants of the Company. In January 2015, the number of shares of common stock reserved for issuance under the 2006 Stock Plan was increased from 10,300,000 to 11,600,000 pursuant to an "evergreen" provision, which provides for an annual increase based on the lesser of 1,300,000 shares, 5% of the Company's then outstanding shares of common stock, or such other amount as the board of directors may determine. This increase was approved by the board of directors in December 2014. The administration of the 2006 Stock Plan is under the general supervision of the compensation committee of the board of directors. The exercise price of the stock options is determined by the compensation committee of the board of directors, provided that incentive stock options are granted with an exercise price not less than fair market value of the common stock on the date of grant and expire no later than ten years from the date the option is granted. Options generally vest over four years. As of December&nbsp;31, 2014, the Company had options outstanding to purchase 8,829,343 shares of its common stock, which includes options outstanding under its 2001 Stock Plan that was terminated in March 2006. As of December&nbsp;31, 2014, 1,385,022 shares were available for future issuance. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes stock option activity during the year ended December&nbsp;31, 2014: </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:16.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Shares </font></p> </td> <td valign="bottom" style="width:01.22%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">average</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">exercise</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">price </font></p> </td> <td valign="bottom" style="width:00.92%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:13.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">average</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">remaining</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">contractual</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">life (years) </font></p> </td> <td valign="bottom" style="width:00.92%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Aggregate</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">intrinsic</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">value </font></p> </td> <td valign="bottom" style="width:00.92%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Outstanding at January&nbsp;1</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,814,417 </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:08.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.90 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Options granted</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,276,427 </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.90 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Options exercised</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(206,389 </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.14 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Options cancelled</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,055,112 </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:02.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.35 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Outstanding at December&nbsp;31</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,829,343 </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:08.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.17 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.35 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.18%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>70,082 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Exercisable at December&nbsp;31</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,915,662 </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:08.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.67 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.17 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.18%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>70,082 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The aggregate intrinsic value of all options outstanding and exercisable represents the total pre-tax amount, net of the exercise price, which would have been received by option holders if all option holders had exercised all options with an exercise price lower than the closing stock price of $2.65 on December&nbsp;31, 2014, which was the last trading day of the year. The total intrinsic value of options exercised during the years ended December&nbsp;31, 2014, 2013 and 2012 was approximately $435,000, $385,000 and $904,000, respectively. The total cash received by the Company as a result of stock option exercises during 2014, 2013 and 2012 was $0.9&nbsp;million, $1.1&nbsp;million and $1.1&nbsp;million, respectively. The weighted-average grant date fair values of options granted during the years ended December&nbsp;31, 2014, 2013 and 2012 were $4.00, $7.28 and $4.10, respectively. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Non-Vested ("Restricted") Stock Awards With Service Conditions </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's share-based compensation plan provides for awards of restricted shares of common stock to employees, officers, directors and consultants to the Company. Restricted stock awards are subject to forfeiture if employment or service terminates during the prescribed retention period. Restricted shares vest over the service period. The total fair value of restricted stock that vested during the years ended December&nbsp;31, 2014, 2013 and 2012 was $0.1&nbsp;million, $0.3&nbsp;million and $0.6&nbsp;million, respectively. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes unvested restricted share activity during the year ended December&nbsp;31, 2014: </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:18.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Shares </font></p> </td> <td valign="bottom" style="width:01.74%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:17.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">average</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">grant date</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">fair value </font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Outstanding at January&nbsp;1</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,000 </td> <td valign="bottom" style="width:01.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:13.50%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.63 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Vested</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(39,508 </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:03.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:13.50%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.56 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Granted</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>764,022 </td> <td valign="bottom" style="width:01.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:13.50%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.67 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Forfeited</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(25,000 </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:03.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:13.50%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.34 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:13.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Outstanding at December&nbsp;31</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>744,514 </td> <td valign="bottom" style="width:01.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:13.50%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.65 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:13.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:13.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Stock-Based Compensation Expense </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the years ended December&nbsp;31, 2014, 2013 and 2012, the fair value of each employee stock option award was estimated on the date of grant based on the fair value method using the Black-Scholes option pricing valuation model with the following weighted average assumptions: </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:57.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years ended December&nbsp;31, </font></p> </td> <td valign="bottom" style="width:03.26%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:17.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:03.26%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:17.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:03.26%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:17.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2012 </font></p> </td> <td valign="bottom" style="width:03.26%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Risk-free interest rate</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.88&nbsp; </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.20&nbsp; </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.11&nbsp; </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Expected life in years</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">6.25&nbsp;years</font></p> </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">6.25&nbsp;years</font></p> </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">6.25&nbsp;years</font></p> </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Volatility</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104&nbsp; </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102&nbsp; </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101&nbsp; </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Expected dividend yield</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense during the years ended December&nbsp;31, 2014, 2013 and 2012 was as follows (in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:26.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years ended December&nbsp;31, </font></p> </td> <td valign="bottom" style="width:00.74%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:00.74%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:00.74%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2012 </font></p> </td> <td valign="bottom" style="width:00.74%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Stock-based compensation expense by type of award:</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Employee stock options</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,076&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,757&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,082&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Restricted stock</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>355&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>273&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>240&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total stock-based compensation expense</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,431&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,030&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,322&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Effect of stock-based compensation expense by line item:</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Research and development</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,412&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,220&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,485&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">General and administrative</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,019&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,810&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>837&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total stock-based compensation expense included in net loss</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.48%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,431&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,030&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,322&nbsp; </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:72.46%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrecognized stock-based compensation expense as of December&nbsp;31, 2014 was as follows (dollars in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:24.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unrecognized</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">stock</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">compensation</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">expense as of</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:01.38%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:18.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">average</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">remaining</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">period</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(in years) </font></p> </td> <td valign="bottom" style="width:01.38%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Employee stock options</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.76%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:20.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,468&nbsp; </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.96%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.77&nbsp; </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Restricted stock</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.76%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,545&nbsp; </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.39&nbsp; </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:20.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.76%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:20.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,013&nbsp; </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.96%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.87&nbsp; </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:20.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:20.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> -1.06 -0.30 -1.27 -0.33 -0.33 -0.31 -0.28 -0.87 -0.24 -0.19 -0.19 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Basic and Diluted Loss Per Common Share </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic net loss per share is computed using the weighted average number of common shares outstanding during the period, excluding restricted stock that has been issued but is not yet vested. Diluted net loss per common share is computed using the weighted average number of common shares outstanding and the weighted average dilutive potential common shares outstanding using the treasury stock method. However, for the years ended December&nbsp;31, 2014, 2013 and 2012, diluted net loss per share is the same as basic net loss per share as the inclusion of weighted average shares of unvested restricted common stock and common stock issuable upon the exercise of stock options would be anti-dilutive. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes outstanding securities not included in the computation of diluted net loss per common share as their inclusion would be anti-dilutive for the years ended December&nbsp;31, 2014, 2013 and 2012: </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:42.38%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:55.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended December&nbsp;31, </font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:42.38%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:17.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:17.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:17.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2012 </font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:42.38%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Common stock options</font></p> </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.76%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,829,343&nbsp; </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.76%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,814,417&nbsp; </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.76%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,521,584&nbsp; </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:42.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Unvested restricted stock</font></p> </td> <td valign="bottom" style="width:01.06%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.76%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>744,514&nbsp; </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.76%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,000&nbsp; </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.76%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,122&nbsp; </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 3137000 3852000 1100000 1100000 900000 16013000 13468000 2545000 P2Y10M13D P2Y9M7D P3Y4M21D <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Fair Value of Financial Instruments </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The carrying amounts of the Company's financial instruments, which include cash equivalents, marketable securities and term loan obligations, approximate their fair values. The fair value of the Company's financial instruments reflects the amounts that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy has the following three levels: </font> </p> <p style="margin:5pt 0pt 5pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Level&nbsp;1&#x2014;quoted prices in active markets for identical assets and liabilities. </font> </p> <p style="margin:5pt 0pt 5pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Level&nbsp;2&#x2014;observable inputs other than Level&nbsp;1 inputs. Examples of Level&nbsp;2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active. </font> </p> <p style="margin:5pt 0pt 5pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Level&nbsp;3&#x2014;unobservable inputs that reflect the Company's own assumptions about the assumptions market participants would use in pricing the asset or liability. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial assets and liabilities are classified in their entirety within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The Company measures the fair value of its marketable securities by taking into consideration valuations obtained from third-party pricing sources. The pricing services utilize industry standard valuation models, including both income and market based approaches, for which all significant inputs are observable, either directly or indirectly, to estimate fair value. These inputs include reported trades of and broker-dealer quotes on the same or similar securities, issuer credit spreads, benchmark securities and other observable inputs. As of December&nbsp;31, 2014, the Company's financial assets valued based on Level&nbsp;1 inputs consisted of cash and cash equivalents in a money market fund and its financial assets valued based on Level&nbsp;2 inputs consisted of high-grade corporate bonds and commercial paper. During the years ended December&nbsp;31, 2014, 2013 and 2012, the Company did not have any transfers of financials assets between Levels&nbsp;1 and 2. As of December&nbsp;31, 2014, the Company did not have any financial liabilities that were recorded at fair value on the balance sheet. The disclosed fair value of the Company's term loan obligations is determined using current applicable rates for similar instruments as of the balance sheet date. The carrying value of the Company's term loan obligations approximates fair value as the Company's interest rate yield is near current market rate yields. The disclosed fair value of the Company's term loan obligations is based on Level&nbsp;3 inputs. </font> </p> <p><font size="1"> </font></p> </div> </div> 11676000 3878000 15699000 4187000 4171000 3463000 5324000 15746000 2940000 3241000 4241000 0 0 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Impairment of Long-Lived Assets </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company assesses the potential impairments of its long-lived assets whenever events or changes in circumstances indicate that an asset's carrying value may not be recoverable. If the carrying value exceeds the undiscounted future cash flows estimated to result from the use and eventual disposition of the asset, the Company writes down the asset to its estimated fair value. Management believes that no long-lived assets were impaired as of December&nbsp;31, 2014 and 2013. </font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">(10) Income Taxes </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Differences between the actual tax provision (benefit) and the tax provision (benefit) computed using the United States federal income tax rate is as follows for the years ended December&nbsp;31, 2014, 2013 and 2012 (in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:44.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years ended December&nbsp;31, </font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2012 </font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Benefit at statutory rate</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(29,293 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(30,665 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,349 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">State taxes, net of federal benefit</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,342 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,735 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,220 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">State net operating loss expiration</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>661 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,167 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Stock-based compensation</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,094 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,118 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>382 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Tax credits</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,720 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,462 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(411 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Foreign rate differential</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,243 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,252 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Other</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(47 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Increase in valuation allowance</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,918 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,878 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,409 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Income tax provision (benefit)</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities at December&nbsp;31, 2014 and 2013 are presented below (in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.16%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.84%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:01.14%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:01.14%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Deferred tax assets:</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Federal and state net operating loss carryforwards</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>194,091 </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>170,557 </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Federal and state research and development credits</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,401 </td> <td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,675 </td> <td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Depreciation and amortization</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,423 </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,412 </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Deferred compensation</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,643 </td> <td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,254 </td> <td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Other</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,427 </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,169 </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Deferred tax assets</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>226,985 </td> <td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>200,067 </td> <td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Less valuation allowance</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(226,985 </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(200,067 </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Net deferred tax assets</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.14%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:69.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.14%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The total valuation allowance increased by approximately $26.9&nbsp;million, $29.9&nbsp;million and $21.4&nbsp;million in the years ended December&nbsp;31, 2014, 2013 and 2012, respectively. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has established valuation allowances against its deferred tax assets because management believes that, after considering all of the available objective evidence, both historical and prospective, the realization of the deferred tax assets does not meet the "more likely than not" criteria. The Company evaluates the need for a valuation allowance on a quarterly basis. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For tax years through 2014 the Company performed analyses to determine if there were changes in ownership, as defined by Section&nbsp;382 of the Internal Revenue Code that would limit its ability to utilize certain net operating loss and tax credit carryforwards. The Company determined that it experienced an ownership change, as defined by Section&nbsp;382, in connection with its acquisition of Principia Associates,&nbsp;Inc. on September&nbsp;20, 2002, but did not experience a change in ownership upon the effectiveness of the Company's IPO, or any other equity offerings to date. As a result, the utilization of the Company's federal tax net operating loss carryforwards generated prior to the ownership change is limited. As of December&nbsp;31, 2014, the Company has net operating loss carryforwards for U.S. federal tax purposes of approximately $529.7&nbsp;million, after excluding net operating losses that have expired unused as a result of Section&nbsp;382 limitations, with the remainder expiring in varying amounts through 2034 unless utilized. At December&nbsp;31, 2014, the Company has state net operating loss carryforwards of approximately $275.4&nbsp;million, which will expire through 2034 unless utilized. The net operating loss carryforwards include approximately $1.4&nbsp;million of deductions related to the exercise of common stock options. This amount represents an excess tax benefit and has not been included in the gross deferred tax asset reflected for net operating losses. The utilization of these net operating loss carryforwards may be further limited if the Company experiences future ownership changes as defined in Section&nbsp;382 of the Internal Revenue Code. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At December&nbsp;31, 2014, the Company had approximately $16.7&nbsp;million and $7.1&nbsp;million, respectively, in federal and state research and development credits. Unless utilized, the federal credits will expire from 2020 through 2034, state research credits will expire from 2018 through 2029 and state investment tax credits will expire from 2015 through 2017. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company is currently open to examination under the statute of limitations by the Internal Revenue Service and state jurisdictions for the tax years ended 2011 through 2014. Carryforward tax attributes generated in years past may still be adjusted upon future examination if they have or will be used in a future period. The Company is currently not under examination by the Internal Revenue Service or any other jurisdictions for any tax years. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company does not consider any of its tax positions to be uncertain and accordingly there are no tax reserves for the years ended December&nbsp;31, 2014, 2013 and 2012. The Company will recognize interest expense and penalties related to uncertain tax positions in income tax expense. The Company has not, as yet, conducted a study of its domestic research and development credit carryforwards. This study may result in an increase or decrease to the Company's research and development credit carryforwards; however, until a study is completed and any adjustment is known, no amounts are being presented as an uncertain tax position. A full valuation allowance has been provided against the Company's research and development credits, and if an adjustment is required, this adjustment would be offset by an adjustment to the valuation allowance. As a result, there would be no impact to the consolidated balance sheet, statement of operations and comprehensive loss or cash flows if an adjustment were required. </font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Income Taxes </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company uses the liability method to account for income taxes. Deferred tax assets and liabilities are determined based on the expected future tax consequences of temporary differences between the Company's consolidated financial statement carrying amounts and the tax basis of assets and liabilities using enacted tax rates expected to be in effect in the years in which the differences are expected to reverse. A valuation allowance is provided to reduce the deferred tax assets to the amount that will more likely than not be realized. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of December&nbsp;31, 2014 and 2013, the Company had no items that were considered to be uncertain tax items or accrued interest or penalties related to uncertain tax positions. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The tax years 2011 through 2014 remain open to examination by the major taxing jurisdictions to which the Company is subject. </font> </p> <p><font size="1"> </font></p> </div> </div> 21409000 29878000 26918000 5252000 6243000 -21349000 -30665000 -29293000 382000 1118000 1094000 22000 -47000 100000 -3220000 -3735000 -3342000 411000 2462000 1720000 2194000 928000 -3450000 533000 591000 459000 -173000 951000 -111000 225000 -21000 -102000 1700000 172000 2500000 127000 2100000 59000 -1849000 -470000 -2633000 -724000 -721000 -718000 -650000 -2210000 -585000 -517000 -458000 1696000 2512000 1875000 46112000 35539000 95203000 100675000 32207000 30889000 13905000 4650000 9214000 4607000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Marketable Securities </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketable securities consist of investments in high-grade corporate obligations, and government and government agency obligations that are classified as available-for-sale. Since these securities are available to fund current operations they are classified as current assets on the consolidated balance sheets. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company adjusts the cost of available-for-sale debt securities for amortization of premiums and accretion of discounts to maturity. The Company includes such amortization and accretion as a component of interest expense, net. Realized gains and losses and declines in value, if any, that the Company judges to be other-than-temporary on available-for-sale securities are reported as a component of interest expense, net. To determine whether an other-than-temporary impairment exists, the Company considers whether it intends to sell the debt security and, if the Company does not intend to sell the debt security, it considers available evidence to assess whether it is more likely than not that it will be required to sell the security before the recovery of its amortized cost basis. During the years ended December&nbsp;31, 2014, 2013 and 2012, the Company determined it did not have any securities that were other-than-temporarily impaired. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketable securities are stated at fair value, including accrued interest, with their unrealized gains and losses included as a component of accumulated other comprehensive income or loss, which is a separate component of stockholders' equity. The fair value of these securities is based on quoted prices and observable inputs on a recurring basis. Realized gains and losses are determined on the specific identification method. During the years ended December&nbsp;31, 2014, 2013 and 2012, the Company did not have any realized gains or losses on marketable securities. </font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">(1) Nature of Business </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synta Pharmaceuticals Corp. (the Company) was incorporated in March 2000 and commenced operations in July 2001. The Company is an innovative, agile biopharmaceutical company focused on research, development and commercialization of novel oncology medicines that have the potential to change the lives of cancer patients. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company is subject to risks common to emerging companies in the drug development and pharmaceutical industry including, but not limited to, uncertainty of product development and commercialization, lack of marketing and sales history, dependence on key personnel, uncertainty of market acceptance of products and product reimbursement, product liability, uncertain protection of proprietary technology, potential inability to raise additional financing and compliance with the U.S. Food and Drug Administration and other government regulations. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has incurred significant operating losses since its inception and, as a result, as of December&nbsp;31, 2014 had an accumulated deficit of $637.6&nbsp;million. Operations have been funded principally through the sale of common stock and convertible preferred stock, capital leases, non-refundable payments under the former collaboration agreements with GlaxoSmithKline (GSK) and Hoffman-La Roche (Roche), and proceeds from term loans by General Electric Capital Corporation (GECC) and Oxford Finance Corporation (Oxford) (see Note&nbsp;9). </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company expects its $97.7&nbsp;million in cash, cash equivalents and marketable securities as of December&nbsp;31, 2014 will be sufficient to fund operations at least through the end of 2015. This estimate assumes no additional funding from new partnership agreements, equity financings or further sales under the Company's at-the-market-issuance sales agreement (ATM) with MLV&nbsp;&amp;&nbsp;Co.&nbsp;LLC (MLV) (see Note&nbsp;5). The timing and nature of certain activities contemplated for 2015 will be conducted subject to the availability of sufficient financial resources. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company may require significant additional funds earlier than it currently expects in order to conduct additional clinical trials and continue to fund its operations. There can be no assurances, however, that additional funding will be available on favorable terms, or at all. If adequate funds are not available, the Company may be required to delay, significantly modify or terminate its research and development programs or reduce its planned commercialization efforts. </font> </p> <p><font size="1"> </font></p> </div> </div> 51437000 -33022000 -2466000 115515000 69042000 85296000 -9943000 -24653000 -8837000 -54135000 -77411000 -78925000 -62790000 -62790000 -20728000 -90192000 -90192000 -22787000 -22515000 -24162000 -23557000 -86161000 -86161000 -22286000 -19966000 -20352000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Recent Accounting Pronouncements </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In May 2014, the FASB issued ASU No.&nbsp;2014-09, </font><font style="display: inline;font-family:Times;font-style:italic;font-size:10pt;">Revenue from Contracts with Customers</font><font style="display: inline;font-family:Times;font-size:10pt;"> (Topic&nbsp;606), which amends the guidance for accounting for revenue from contracts with customers. This ASU supersedes the revenue recognition requirements in ASC Topic 605, and creates a new Topic 606, </font><font style="display: inline;font-family:Times;font-style:italic;font-size:10pt;">Revenue from Contracts with Customers</font><font style="display: inline;font-family:Times;font-size:10pt;">. This guidance is effective for fiscal years beginning after December&nbsp;15, 2016, with early adoption not permitted. Two adoption methods are permitted: retrospectively to all prior reporting periods presented, with certain practical expedients permitted; or retrospectively with the cumulative effect of initially adopting the ASU recognized at the date of initial application. The Company has not yet determined which adoption method it will utilize or the effect that the adoption of this guidance will have on its consolidated financial statements. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In August 2014, the FASB issued ASU No.&nbsp;2014-15, </font><font style="display: inline;font-family:Times;font-style:italic;font-size:10pt;">Presentation of Financial Statements&#x2014;Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern</font><font style="display: inline;font-family:Times;font-size:10pt;">. This ASU is intended to define management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern within one year of the date of issuance of the entity's financial statements and to provide related footnote disclosures. This guidance is effective for fiscal years ending after December&nbsp;15, 2016, with early application permitted. The Company has not yet determined the effect that the adoption of this guidance will have on the disclosures included in its consolidated financial statements. </font> </p> <p><font size="1"> </font></p> </div> </div> 61088000 20258000 87559000 22063000 21794000 23444000 22907000 83951000 21701000 19449000 19894000 -60941000 -20258000 -87559000 -22063000 -21794000 -23444000 -22907000 -83951000 -21701000 -19449000 -19894000 4246000 2226000 25000 1995000 2200000 2200000 2300000 529700000 275400000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">(2) Summary of Significant Accounting Policies </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Principles of Consolidation </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The condensed consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Use of Estimates </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates and assumptions include contract research accruals, recoverability of long-lived assets, measurement of stock-based compensation, and the periods of performance under collaborative research and development agreements. The Company bases its estimates on historical experience and various other assumptions that management believes to be reasonable under the circumstances. Changes in estimates are recorded in the period in which they become known. Actual results could differ from those estimates. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Cash and Cash Equivalents </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company considers all highly liquid investments with original maturities of three months or less at the date of purchase and an investment in a money market fund to be cash equivalents. Changes in the level of cash and cash equivalents may be affected by changes in investment portfolio maturities, as well as actual cash disbursements to fund operations. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The primary objective of the Company's investment activities is to preserve its capital for the purpose of funding operations and the Company does not enter into investments for trading or speculative purposes. The Company's cash is deposited in a highly rated financial institution in the United States. The Company invests in money market funds and high-grade, short-term commercial paper and corporate bonds, which management believes are subject to minimal credit and market risk. Declines in interest rates, however, would reduce future investment income. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Marketable Securities </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketable securities consist of investments in high-grade corporate obligations, and government and government agency obligations that are classified as available-for-sale. Since these securities are available to fund current operations they are classified as current assets on the consolidated balance sheets. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company adjusts the cost of available-for-sale debt securities for amortization of premiums and accretion of discounts to maturity. The Company includes such amortization and accretion as a component of interest expense, net. Realized gains and losses and declines in value, if any, that the Company judges to be other-than-temporary on available-for-sale securities are reported as a component of interest expense, net. To determine whether an other-than-temporary impairment exists, the Company considers whether it intends to sell the debt security and, if the Company does not intend to sell the debt security, it considers available evidence to assess whether it is more likely than not that it will be required to sell the security before the recovery of its amortized cost basis. During the years ended December&nbsp;31, 2014, 2013 and 2012, the Company determined it did not have any securities that were other-than-temporarily impaired. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketable securities are stated at fair value, including accrued interest, with their unrealized gains and losses included as a component of accumulated other comprehensive income or loss, which is a separate component of stockholders' equity. The fair value of these securities is based on quoted prices and observable inputs on a recurring basis. Realized gains and losses are determined on the specific identification method. During the years ended December&nbsp;31, 2014, 2013 and 2012, the Company did not have any realized gains or losses on marketable securities. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Fair Value of Financial Instruments </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The carrying amounts of the Company's financial instruments, which include cash equivalents, marketable securities and term loan obligations, approximate their fair values. The fair value of the Company's financial instruments reflects the amounts that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy has the following three levels: </font> </p> <p style="margin:5pt 0pt 5pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Level&nbsp;1&#x2014;quoted prices in active markets for identical assets and liabilities. </font> </p> <p style="margin:5pt 0pt 5pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Level&nbsp;2&#x2014;observable inputs other than Level&nbsp;1 inputs. Examples of Level&nbsp;2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active. </font> </p> <p style="margin:5pt 0pt 5pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Level&nbsp;3&#x2014;unobservable inputs that reflect the Company's own assumptions about the assumptions market participants would use in pricing the asset or liability. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial assets and liabilities are classified in their entirety within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The Company measures the fair value of its marketable securities by taking into consideration valuations obtained from third-party pricing sources. The pricing services utilize industry standard valuation models, including both income and market based approaches, for which all significant inputs are observable, either directly or indirectly, to estimate fair value. These inputs include reported trades of and broker-dealer quotes on the same or similar securities, issuer credit spreads, benchmark securities and other observable inputs. As of December&nbsp;31, 2014, the Company's financial assets valued based on Level&nbsp;1 inputs consisted of cash and cash equivalents in a money market fund and its financial assets valued based on Level&nbsp;2 inputs consisted of high-grade corporate bonds and commercial paper. During the years ended December&nbsp;31, 2014, 2013 and 2012, the Company did not have any transfers of financials assets between Levels&nbsp;1 and 2. As of December&nbsp;31, 2014, the Company did not have any financial liabilities that were recorded at fair value on the balance sheet. The disclosed fair value of the Company's term loan obligations is determined using current applicable rates for similar instruments as of the balance sheet date. The carrying value of the Company's term loan obligations approximates fair value as the Company's interest rate yield is near current market rate yields. The disclosed fair value of the Company's term loan obligations is based on Level&nbsp;3 inputs. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Property and Equipment </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property, equipment and software is carried at cost and depreciated using the straight-line method over the estimated useful lives of the related assets, which range from three to seven years. Leasehold improvements are amortized over the lesser of the lease term or estimated useful life. Repairs and maintenance costs are expensed as incurred. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Research and Development Costs </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research and development costs are expensed as incurred. Research and development costs are comprised of costs incurred in performing research and development activities, including internal costs for salaries, bonuses, benefits, facilities, research-related overhead and stock compensation, and external costs for payments to third party contract research organizations, investigative sites and consultants in connection with the Company's preclinical and clinical programs, costs associated with drug formulation and supply of drugs for clinical trials, and other external costs. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Patents </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Costs to secure and defend patents are expensed as incurred and are classified as general and administrative expense in the Company's consolidated statements of operations. Patent expenses were approximately $1.9&nbsp;million, $2.9&nbsp;million, and $1.8&nbsp;million for the years ended December&nbsp;31, 2014, 2013 and 2012, respectively. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Income Taxes </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company uses the liability method to account for income taxes. Deferred tax assets and liabilities are determined based on the expected future tax consequences of temporary differences between the Company's consolidated financial statement carrying amounts and the tax basis of assets and liabilities using enacted tax rates expected to be in effect in the years in which the differences are expected to reverse. A valuation allowance is provided to reduce the deferred tax assets to the amount that will more likely than not be realized. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of December&nbsp;31, 2014 and 2013, the Company had no items that were considered to be uncertain tax items or accrued interest or penalties related to uncertain tax positions. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The tax years 2011 through 2014 remain open to examination by the major taxing jurisdictions to which the Company is subject. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Impairment of Long-Lived Assets </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company assesses the potential impairments of its long-lived assets whenever events or changes in circumstances indicate that an asset's carrying value may not be recoverable. If the carrying value exceeds the undiscounted future cash flows estimated to result from the use and eventual disposition of the asset, the Company writes down the asset to its estimated fair value. Management believes that no long-lived assets were impaired as of December&nbsp;31, 2014 and 2013. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Revenue Recognition </font> </p> <p style="margin:5pt 0pt 5pt 46pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Collaboration and License Agreements </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's principal source of revenue to date has been its former collaboration and license agreements, which included upfront license payments, development milestones, reimbursement of research and development costs, potential profit sharing payments, commercial and sales-based milestones and royalties. The accounting for collaboration and license agreements requires subjective analysis and requires management to make estimates and assumptions about whether deliverables within multiple-element arrangements are separable from the other aspects of the contractual arrangement into separate units of accounting and to determine the arrangement consideration to be allocated to each unit of accounting. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For multiple-element arrangements entered into or materially modified after January&nbsp;1, 2011, the Company follows the provisions of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No.&nbsp;2009-13&#x2014;</font><font style="display: inline;font-family:Times;font-style:italic;font-size:10pt;">Multiple-deliverable Revenue Arrangements</font><font style="display: inline;font-family:Times;font-size:10pt;"> (ASU No.&nbsp;2009-13). ASU No.&nbsp;2009-13 amended certain provisions of Accounting Standards Codification (ASC) Topic 605&#x2014;</font><font style="display: inline;font-family:Times;font-style:italic;font-size:10pt;">Revenue Recognition</font><font style="display: inline;font-family:Times;font-size:10pt;"> . This standard addresses the determination of the unit(s) of accounting for multiple-element arrangements and how an arrangement's consideration should be allocated to each unit of accounting. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to this standard, each required deliverable is evaluated to determine if it qualifies as a separate unit of accounting. For the Company this determination includes an assessment as to whether the deliverable has "stand-alone value" to the customer separate from the undelivered elements. The arrangement's consideration is then allocated to each separate unit of accounting based on the relative selling price of each deliverable. The estimated selling price of each deliverable is determined using the following hierarchy of values: (i)&nbsp;vendor-specific objective evidence of fair value, (ii)&nbsp;third-party evidence of selling price, or (iii)&nbsp;the Company's best estimate of the selling price (BESP). The BESP reflects the Company's best estimate of what the selling price would be if the deliverable was regularly sold by it on a stand-alone basis. The Company expects, in general, to use BESP for allocating consideration to each deliverable in future collaboration agreements. In general, the consideration allocated to each unit of accounting is then recognized as the related goods or services are delivered limited to the consideration not contingent upon future deliverables. The Company did not recognize any revenue related to collaboration and license agreements during the years ended December&nbsp;31, 2014, 2013 and 2012. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company accounts for development milestones under collaboration and license agreements pursuant to ASU No.&nbsp;2010-17 </font><font style="display: inline;font-family:Times;font-style:italic;font-size:10pt;">Milestone Method of Revenue Recognition</font><font style="display: inline;font-family:Times;font-size:10pt;"> (ASU No.&nbsp;2010-17). ASU&nbsp;No.&nbsp;2010-17 codified a method of revenue recognition that has been common practice. Under this method, contingent consideration from research and development activities that is earned upon the achievement of a substantive milestone is recognized in its entirety in the period in which the milestone is achieved. At the inception of each arrangement that includes milestone payments, the Company evaluates whether each milestone is substantive. This evaluation includes an assessment of whether (a)&nbsp;the consideration is commensurate with either (1)&nbsp;the entity's performance to achieve the milestone, or (2)&nbsp;the enhancement of the value of the delivered item(s) as a result of a specific outcome resulting from the entity's performance to achieve the milestone, (b)&nbsp;the consideration relates solely to past performance and (c)&nbsp;the consideration is reasonable relative to all of the deliverables and payment terms within the arrangement. The Company evaluates factors such as the scientific, clinical, regulatory, commercial and other risks that must be overcome to achieve the respective milestone, the level of effort and investment required and whether the milestone consideration is reasonable relative to all deliverables and payment terms in the arrangement in making this assessment. The Company does not have any ongoing collaboration and license agreements under which milestones may be achieved. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royalty revenues are based upon a percentage of net sales. Royalties from the sales of products will be recorded on the accrual basis when results are reliably measurable, collectability is reasonably assured and all other revenue recognition criteria are met. Commercial and sales-based milestones, which are based upon the achievement of certain agreed-upon sales thresholds, will be recognized in the period in which the respective sales threshold is achieved and collectability is reasonably assured. The Company does not have any ongoing collaboration and license agreements under which royalties or commercial and sales-based milestones may be achieved. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display: inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Grant Revenue </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In March 2011, the Company received a grant from the Department of Defense, in the approximate amount of $1&nbsp;million, for the development of STA-9584 in advanced prostate cancer. The Company conducted work on this study during the grant period from April 2011 through March 2012. Reimbursements were based on actual costs agreed upon in the proposal (salary, fringe benefits, overhead, and direct costs such as materials and subcontractors). During the years ended December&nbsp;31, 2014, 2013 and 2012, the Company recognized $0, $0 and $147,000, respectively, in grant revenues. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Stock-Based Compensation </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company recognizes stock-based compensation expense based on the grant date fair value of stock options granted to employees, officers and directors. The Company uses the Black-Scholes option pricing model to determine the grant date fair value as management believes it is the most appropriate valuation method for its option grants. The Black-Scholes model requires inputs for risk-free interest rate, dividend yield, volatility and expected lives of the options. Expected volatility is based upon the weighted average historical volatility data of the Company's common stock. The risk-free rate for periods within the expected life of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. The expected lives for options granted represent the period of time that options granted are expected to be outstanding. The Company uses the simplified method for determining the expected lives of options. The Company estimates the forfeiture rate based on historical data. This analysis is re-evaluated at least annually and the forfeiture rate is adjusted as necessary. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For awards with graded vesting, the Company recognizes compensation costs based on the grant date fair value of awards on a straight-line basis over the requisite service period, which is generally the vesting period. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain of the employee stock options granted by the Company are structured to qualify as incentive stock options (ISOs). Under current tax regulations, the Company does not receive a tax deduction for the issuance, exercise or disposition of ISOs if the employee meets certain holding requirements. If the employee does not meet the holding requirements, a disqualifying disposition occurs, at which time the Company may receive a tax deduction. The Company does not record tax benefits related to ISOs unless and until a disqualifying disposition is reported. In the event of a disqualifying disposition, the entire tax benefit is recorded as a reduction of income tax expense. The Company has not recognized any income tax benefit for its share-based compensation arrangements due to the fact that the Company does not believe it is more likely than not it will realize the related deferred tax assets. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Comprehensive Loss </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comprehensive loss is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. Changes in unrealized gains and losses on marketable securities represent the only difference between the Company's net loss and comprehensive loss. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Segment Reporting </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating segments are determined based on the way management organizes its business for making operating decisions and assessing performance. The Company has a single operating segment, which is the discovery, development and commercialization of drug products. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Basic and Diluted Loss Per Common Share </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic net loss per share is computed using the weighted average number of common shares outstanding during the period, excluding restricted stock that has been issued but is not yet vested. Diluted net loss per common share is computed using the weighted average number of common shares outstanding and the weighted average dilutive potential common shares outstanding using the treasury stock method. However, for the years ended December&nbsp;31, 2014, 2013 and 2012, diluted net loss per share is the same as basic net loss per share as the inclusion of weighted average shares of unvested restricted common stock and common stock issuable upon the exercise of stock options would be anti-dilutive. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes outstanding securities not included in the computation of diluted net loss per common share as their inclusion would be anti-dilutive for the years ended December&nbsp;31, 2014, 2013 and 2012: </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended December&nbsp;31, </font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2012 </font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Common stock options</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,829,343&nbsp; </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,814,417&nbsp; </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,521,584&nbsp; </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Unvested restricted stock</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>744,514&nbsp; </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,000&nbsp; </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,122&nbsp; </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Recent Accounting Pronouncements </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In May 2014, the FASB issued ASU No.&nbsp;2014-09, </font><font style="display: inline;font-family:Times;font-style:italic;font-size:10pt;">Revenue from Contracts with Customers</font><font style="display: inline;font-family:Times;font-size:10pt;"> (Topic&nbsp;606), which amends the guidance for accounting for revenue from contracts with customers. This ASU supersedes the revenue recognition requirements in ASC Topic 605, and creates a new Topic 606, </font><font style="display: inline;font-family:Times;font-style:italic;font-size:10pt;">Revenue from Contracts with Customers</font><font style="display: inline;font-family:Times;font-size:10pt;">. This guidance is effective for fiscal years beginning after December&nbsp;15, 2016, with early adoption not permitted. Two adoption methods are permitted: retrospectively to all prior reporting periods presented, with certain practical expedients permitted; or retrospectively with the cumulative effect of initially adopting the ASU recognized at the date of initial application. The Company has not yet determined which adoption method it will utilize or the effect that the adoption of this guidance will have on its consolidated financial statements. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In August 2014, the FASB issued ASU No.&nbsp;2014-15, </font><font style="display: inline;font-family:Times;font-style:italic;font-size:10pt;">Presentation of Financial Statements&#x2014;Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern</font><font style="display: inline;font-family:Times;font-size:10pt;">. This ASU is intended to define management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern within one year of the date of issuance of the entity's financial statements and to provide related footnote disclosures. This guidance is effective for fiscal years ending after December&nbsp;15, 2016, with early application permitted. The Company has not yet determined the effect that the adoption of this guidance will have on the disclosures included in its consolidated financial statements. </font> </p> <p><font size="1"> </font></p> </div> </div> 996000 1040000 1409000 305000 -1000 -1000 15000 15000 -13000 -13000 32000 50033000 114151000 93845000 505000 769000 144000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">(</font><font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">13) Retirement Plan </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2003, the Company implemented a 401(k) retirement plan (the Synta 401(k) Plan) in which substantially all of its permanent employees are eligible to participate. Participants may contribute a percentage of their annual compensation to the plan, subject to statutory limitations. The Company may declare discretionary matching contributions to the Synta 401(k) Plan. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In April 2006, the Company began matching participants' contributions up to 50% of the first 6% of the employee's salary. The match is subject to a three-year equally graded vesting schedule and any forfeitures will be applied to reduce the Company's contributions. Company contributions for the years ended December&nbsp;31, 2014, 2013 and 2012 were approximately $359,000, $413,000 and $376,000, respectively, subject to forfeitures. </font> </p> <p><font size="1"> </font></p> </div> </div> 0.0001 0.0001 5000000 5000000 0 0 0 0 765000 1656000 66248000 38735000 89796000 600000 2000000 13500000 12900000 33000000 25800000 59800000 57100000 27300000 5000000 39200000 22500000 40595000 90267000 85152000 1000000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">(4) Property and Equipment </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property and equipment as of December&nbsp;31, 2014 and December&nbsp;31, 2013 consisted of the following (in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.84%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:15.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:01.16%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:15.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:01.16%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Laboratory equipment</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,217 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,681 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Leasehold improvements</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,988 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,958 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Computers and software</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,126 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,220 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Furniture and fixtures</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,176 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,170 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,507 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,029 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Less accumulated depreciation and amortization</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,483 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,476 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,024 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,553 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization expenses of property and equipment, including equipment purchased under capital leases, were approximately $0.7&nbsp;million, $0.5&nbsp;million and $0.7&nbsp;million for the years ended December&nbsp;31, 2014, 2013 and 2012, respectively. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The net book value and accumulated amortization of equipment under capital lease was approximately $84,000 and $42,000 respectively, at December&nbsp;31, 2014, and $126,000 and $0, respectively, at December&nbsp;31, 2013. </font> </p> <p><font size="1"> </font></p> </div> </div> 22029000 3220000 12681000 1170000 4958000 21507000 3126000 12217000 1176000 4988000 1553000 126000 1024000 84000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Property and Equipment </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property, equipment and software is carried at cost and depreciated using the straight-line method over the estimated useful lives of the related assets, which range from three to seven years. Leasehold improvements are amortized over the lesser of the lease term or estimated useful life. Repairs and maintenance costs are expensed as incurred. </font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property and equipment as of December&nbsp;31, 2014 and December&nbsp;31, 2013 consisted of the following (in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.84%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:15.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:01.16%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:15.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:01.16%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Laboratory equipment</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,217 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,681 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Leasehold improvements</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,988 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,958 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Computers and software</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,126 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,220 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Furniture and fixtures</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,176 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,170 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,507 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,029 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Less accumulated depreciation and amortization</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,483 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,476 </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,024 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.10%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.98%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,553 </td> <td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:66.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> P7Y P3Y <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">(14) Quarterly Financial Data (unaudited) </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following tables present a summary of quarterly results of operations for 2014 and 2013: </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display: inline;font-size:10pt;">[</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.52%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:45.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three Months Ended </font></p> </td> <td valign="bottom" style="width:00.68%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.52%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:00.68%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June&nbsp;30,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:00.68%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September&nbsp;30,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:00.68%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:00.68%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.52%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:45.28%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(in thousands, except shares and per share data)</font></p> </td> <td valign="bottom" style="width:00.68%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Revenues:</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total revenues</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Operating expenses:</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Research and development</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,583 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,761 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,208 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,653 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">General and administrative</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,324 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,940 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,241 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,241 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total operating expenses</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,907 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,701 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,449 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,894 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Loss from operations</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,907 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,701 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,449 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,894 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Interest expense, net</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(650 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(585 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(517 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(458 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Net loss</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(23,557 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,286 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,966 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,352 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Basic and diluted net loss per common share</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.28 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.24 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.19 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.19 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Basic and diluted weighted average number of common shares outstanding</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,438,127 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>94,046,278 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105,774,949 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>108,366,504 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display: inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.50pt;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:210.05pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three Months Ended </font></p> </td> <td valign="bottom" style="width:03.35pt;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.50pt;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:50.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p> </td> <td valign="bottom" style="width:03.35pt;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:50.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June&nbsp;30,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:03.35pt;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:50.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September&nbsp;30,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:03.35pt;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:50.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:03.35pt;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.50pt;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:210.05pt;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(in thousands, except shares and per share data)</font></p> </td> <td valign="bottom" style="width:03.35pt;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Revenues:</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total revenues</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Operating expenses:</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Research and development</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,380 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,876 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,623 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,981 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">General and administrative</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,878 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,187 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,171 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,463 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total operating expenses</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,258 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,063 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,794 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,444 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Loss from operations</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,258 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,063 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,794 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(23,444 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Interest expense, net</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(470 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(724 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(721 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(718 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Net loss</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,728 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,787 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,515 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(24,162 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Basic and diluted net loss per common share</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.30 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.33 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.33 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.31 </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:05.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:03.35pt;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:270.10pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Basic and diluted weighted average number of common shares outstanding</font></p> </td> <td valign="bottom" style="width:02.50pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,991,371 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69,034,823 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69,047,161 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.00pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:45.00pt;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76,769,199 </td> <td valign="bottom" style="width:03.35pt;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt"> <font style="display: inline;font-family:Times;">&nbsp;</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">(12) Related Party Transactions </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In April 2014, the Company sold 1,250,000 shares of its common stock at a purchase price of $4.01 per share in a registered direct offering to an affiliate of a director who is its largest stockholder (see&nbsp;Note&nbsp;5). </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In November 2013, the Company sold an aggregate of 5,183,333 shares of common stock to certain of the Company's directors and their affiliates, including its largest stockholder, at a purchase price of $3.75 per share in a public offering (see Note&nbsp;5). </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In January 2013, a director exercised an aggregate of 114,250 shares of common stock options that resulted in $1.0&nbsp;million in proceeds to the Company. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In December 2012, the Company entered into common stock purchase agreements with certain directors, including its largest stockholder, pursuant to which the Company sold 2,649,535 shares of its common stock in a registered direct offering at a purchase price of $8.60 per share (see Note&nbsp;5). </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In November 2012, the Company purchased and retired 3,969 shares from an officer upon the vesting of restricted common stock in order to fund the related tax liability. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In July 2012, the Company entered into subscription agreements with certain directors, including its largest stockholder, pursuant to which the Company sold 3,976,702 shares of its common stock in a registered direct offering at a purchase price of $6.49 per share (see Note&nbsp;5). </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In January 2012, the Company sold 1,136,363 shares of common stock to a director, who is its largest stockholder, at a purchase price of $4.40 per share in a public offering (see Note&nbsp;5). </font> </p> <p><font size="1"> </font></p> </div> </div> 12000 13000 42000 4234000 2617000 9450000 49412000 16380000 71860000 17876000 17623000 19981000 17583000 68205000 18761000 16208000 15653000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Research and Development Costs </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research and development costs are expensed as incurred. Research and development costs are comprised of costs incurred in performing research and development activities, including internal costs for salaries, bonuses, benefits, facilities, research-related overhead and stock compensation, and external costs for payments to third party contract research organizations, investigative sites and consultants in connection with the Company's preclinical and clinical programs, costs associated with drug formulation and supply of drugs for clinical trials, and other external costs. </font> </p> <p><font size="1"> </font></p> </div> </div> -551412000 -637573000 147000 0 0 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Revenue Recognition </font> </p> <p style="margin:5pt 0pt 5pt 46pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Collaboration and License Agreements </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's principal source of revenue to date has been its former collaboration and license agreements, which included upfront license payments, development milestones, reimbursement of research and development costs, potential profit sharing payments, commercial and sales-based milestones and royalties. The accounting for collaboration and license agreements requires subjective analysis and requires management to make estimates and assumptions about whether deliverables within multiple-element arrangements are separable from the other aspects of the contractual arrangement into separate units of accounting and to determine the arrangement consideration to be allocated to each unit of accounting. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For multiple-element arrangements entered into or materially modified after January&nbsp;1, 2011, the Company follows the provisions of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No.&nbsp;2009-13&#x2014;</font><font style="display: inline;font-family:Times;font-style:italic;font-size:10pt;">Multiple-deliverable Revenue Arrangements</font><font style="display: inline;font-family:Times;font-size:10pt;"> (ASU No.&nbsp;2009-13). ASU No.&nbsp;2009-13 amended certain provisions of Accounting Standards Codification (ASC) Topic 605&#x2014;</font><font style="display: inline;font-family:Times;font-style:italic;font-size:10pt;">Revenue Recognition</font><font style="display: inline;font-family:Times;font-size:10pt;"> . This standard addresses the determination of the unit(s) of accounting for multiple-element arrangements and how an arrangement's consideration should be allocated to each unit of accounting. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to this standard, each required deliverable is evaluated to determine if it qualifies as a separate unit of accounting. For the Company this determination includes an assessment as to whether the deliverable has "stand-alone value" to the customer separate from the undelivered elements. The arrangement's consideration is then allocated to each separate unit of accounting based on the relative selling price of each deliverable. The estimated selling price of each deliverable is determined using the following hierarchy of values: (i)&nbsp;vendor-specific objective evidence of fair value, (ii)&nbsp;third-party evidence of selling price, or (iii)&nbsp;the Company's best estimate of the selling price (BESP). The BESP reflects the Company's best estimate of what the selling price would be if the deliverable was regularly sold by it on a stand-alone basis. The Company expects, in general, to use BESP for allocating consideration to each deliverable in future collaboration agreements. In general, the consideration allocated to each unit of accounting is then recognized as the related goods or services are delivered limited to the consideration not contingent upon future deliverables. The Company did not recognize any revenue related to collaboration and license agreements during the years ended December&nbsp;31, 2014, 2013 and 2012. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company accounts for development milestones under collaboration and license agreements pursuant to ASU No.&nbsp;2010-17 </font><font style="display: inline;font-family:Times;font-style:italic;font-size:10pt;">Milestone Method of Revenue Recognition</font><font style="display: inline;font-family:Times;font-size:10pt;"> (ASU No.&nbsp;2010-17). ASU&nbsp;No.&nbsp;2010-17 codified a method of revenue recognition that has been common practice. Under this method, contingent consideration from research and development activities that is earned upon the achievement of a substantive milestone is recognized in its entirety in the period in which the milestone is achieved. At the inception of each arrangement that includes milestone payments, the Company evaluates whether each milestone is substantive. This evaluation includes an assessment of whether (a)&nbsp;the consideration is commensurate with either (1)&nbsp;the entity's performance to achieve the milestone, or (2)&nbsp;the enhancement of the value of the delivered item(s) as a result of a specific outcome resulting from the entity's performance to achieve the milestone, (b)&nbsp;the consideration relates solely to past performance and (c)&nbsp;the consideration is reasonable relative to all of the deliverables and payment terms within the arrangement. The Company evaluates factors such as the scientific, clinical, regulatory, commercial and other risks that must be overcome to achieve the respective milestone, the level of effort and investment required and whether the milestone consideration is reasonable relative to all deliverables and payment terms in the arrangement in making this assessment. The Company does not have any ongoing collaboration and license agreements under which milestones may be achieved. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royalty revenues are based upon a percentage of net sales. Royalties from the sales of products will be recorded on the accrual basis when results are reliably measurable, collectability is reasonably assured and all other revenue recognition criteria are met. Commercial and sales-based milestones, which are based upon the achievement of certain agreed-upon sales thresholds, will be recognized in the period in which the respective sales threshold is achieved and collectability is reasonably assured. The Company does not have any ongoing collaboration and license agreements under which royalties or commercial and sales-based milestones may be achieved. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display: inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Grant Revenue </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In March 2011, the Company received a grant from the Department of Defense, in the approximate amount of $1&nbsp;million, for the development of STA-9584 in advanced prostate cancer. The Company conducted work on this study during the grant period from April 2011 through March 2012. Reimbursements were based on actual costs agreed upon in the proposal (salary, fringe benefits, overhead, and direct costs such as materials and subcontractors). During the years ended December&nbsp;31, 2014, 2013 and 2012, the Company recognized $0, $0 and $147,000, respectively, in grant revenues. </font> </p> <p><font size="1"> </font></p> </div> </div> 147000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:42.38%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:55.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years Ended December&nbsp;31, </font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:42.38%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.06%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:17.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:17.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:17.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2012 </font></p> </td> <td valign="bottom" style="width:01.04%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:42.38%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Common stock options</font></p> </td> <td valign="bottom" style="width:01.06%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.76%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,829,343&nbsp; </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.76%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,814,417&nbsp; </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.76%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,521,584&nbsp; </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:42.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Unvested restricted stock</font></p> </td> <td valign="bottom" style="width:01.06%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.76%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>744,514&nbsp; </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.76%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,000&nbsp; </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.76%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,122&nbsp; </td> <td valign="bottom" style="width:01.04%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A summary of cash, cash equivalents and available-for-sale marketable securities held by the Company as of December&nbsp;31, 2014 and December&nbsp;31, 2013 was as follows in thousands (see Note&nbsp;2):</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:36.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31, 2014 </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cost </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unrealized</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">gains </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unrealized</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">losses </font></p> </td> <td valign="bottom" style="width:00.86%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">value </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Cash and cash equivalents:</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Cash and money market funds (Level&nbsp;1)</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,004 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,004 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Corporate debt securities due within 3&nbsp;months of date of purchase (Level&nbsp;2)</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,020 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,020 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total cash and cash equivalents</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,024 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,024 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Marketable securities:</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Corporate debt securities due within 1&nbsp;year of date of purchase (Level&nbsp;2)</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,662 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8 </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,666 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total cash, cash equivalents and marketable securities</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,686 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8 </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,690 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:36.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31, 2013 </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cost </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unrealized</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">gains </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unrealized</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">losses </font></p> </td> <td valign="bottom" style="width:00.86%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">value </font></p> </td> <td valign="bottom" style="width:00.64%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Cash and cash equivalents:</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Cash and money market funds (Level&nbsp;1)</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,586 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,586 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Corporate debt securities due within 3&nbsp;months of date of purchase (Level&nbsp;2)</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,904 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,904 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total cash and cash equivalents</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48,490 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48,490 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Marketable securities:</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Corporate debt securities due within 1&nbsp;year of date of purchase (Level&nbsp;2)</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,969 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1 </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,986 </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total cash, cash equivalents and marketable securities</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>91,459 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.00%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:06.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1 </td> <td valign="bottom" style="width:00.86%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:07.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>91,476 </td> <td valign="bottom" style="width:00.64%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:61.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:06.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.86%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:07.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.64%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities at December&nbsp;31, 2014 and 2013 are presented below (in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Deferred tax assets:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Federal and state net operating loss carryforwards</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>194,091 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>170,557 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Federal and state research and development credits</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,401 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,675 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Depreciation and amortization</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,423 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,412 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Deferred compensation</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,643 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,254 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Other</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,427 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,169 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Deferred tax assets</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>226,985 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>200,067 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Less valuation allowance</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(226,985 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(200,067 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Net deferred tax assets</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Differences between the actual tax provision (benefit) and the tax provision (benefit) computed using the United States federal income tax rate is as follows for the years ended December&nbsp;31, 2014, 2013 and 2012 (in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:44.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years ended December&nbsp;31, </font></p> </td> <td valign="bottom" style="width:01.26%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2012 </font></p> </td> <td valign="bottom" style="width:01.26%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Benefit at statutory rate</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(29,293 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(30,665 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,349 </td> <td valign="bottom" style="width:01.26%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">State taxes, net of federal benefit</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,342 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,735 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,220 </td> <td valign="bottom" style="width:01.26%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">State net operating loss expiration</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>661 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,167 </td> <td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Stock-based compensation</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,094 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,118 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>382 </td> <td valign="bottom" style="width:01.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Tax credits</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,720 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,462 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(411 </td> <td valign="bottom" style="width:01.26%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Foreign rate differential</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,243 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,252 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Other</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(47 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22 </td> <td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Increase in valuation allowance</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,918 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,878 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,409 </td> <td valign="bottom" style="width:01.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Income tax provision (benefit)</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.96%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:12.04%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.12%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:12.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future principal payments under the GECC and Oxford Term Loans as of December&nbsp;31, 2014 were approximately as follows (in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Years ending December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.34%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.24%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">2015</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.34%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:18.34%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,214 </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">2016</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.34%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,607 </td> <td valign="bottom" style="width:02.24%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total principal payments</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.34%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,821 </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Less current portion</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.34%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,214 </td> <td valign="bottom" style="width:02.24%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Long term portion</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.34%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:18.34%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,607 </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:74.42%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:18.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:02.24%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes unvested restricted share activity during the year ended December&nbsp;31, 2014: </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:18.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Shares </font></p> </td> <td valign="bottom" style="width:01.74%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:17.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">average</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">grant date</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">fair value </font></p> </td> <td valign="bottom" style="width:01.32%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Outstanding at January&nbsp;1</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,000 </td> <td valign="bottom" style="width:01.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:13.50%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.63 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Vested</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(39,508 </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:03.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:13.50%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.56 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Granted</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>764,022 </td> <td valign="bottom" style="width:01.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:13.50%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.67 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Forfeited</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(25,000 </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:03.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:13.50%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.34 </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:13.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Outstanding at December&nbsp;31</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>744,514 </td> <td valign="bottom" style="width:01.74%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:13.50%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.65 </td> <td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:13.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:59.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:17.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.74%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:13.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.32%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt"> <font style="display: inline;font-family:Times;">&nbsp;</font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.52%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:45.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three Months Ended </font></p> </td> <td valign="bottom" style="width:00.68%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.52%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:00.68%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June&nbsp;30,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:00.68%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September&nbsp;30,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:00.68%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:00.68%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.52%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:45.28%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(in thousands, except shares and per share data)</font></p> </td> <td valign="bottom" style="width:00.68%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Revenues:</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total revenues</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Operating expenses:</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Research and development</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,583 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,761 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,208 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,653 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">General and administrative</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,324 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,940 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,241 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,241 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total operating expenses</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,907 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,701 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,449 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,894 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Loss from operations</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,907 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,701 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,449 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,894 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Interest expense, net</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(650 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(585 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(517 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(458 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Net loss</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(23,557 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,286 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,966 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,352 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Basic and diluted net loss per common share</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.28 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.24 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.19 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.19 </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Basic and diluted weighted average number of common shares outstanding</font></p> </td> <td valign="bottom" style="width:00.52%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,438,127 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.26%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>94,046,278 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105,774,949 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.28%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>108,366,504 </td> <td valign="bottom" style="width:00.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="text-indent:0pt;margin-left:0pt; padding-right:179.5pt;"><font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times;font-size:10pt;"></font></font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three Months Ended </font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June&nbsp;30,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September&nbsp;30,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="11" valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(in thousands, except shares and per share data)</font></p> </td> <td valign="bottom" style="width:auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Revenues:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total revenues</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Operating expenses:</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Research and development</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,380 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,876 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,623 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,981 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">General and administrative</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,878 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,187 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,171 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,463 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total operating expenses</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,258 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,063 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,794 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,444 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Loss from operations</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,258 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,063 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,794 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(23,444 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Interest expense, net</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(470 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(724 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(721 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(718 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Net loss</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,728 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,787 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,515 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(24,162 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Basic and diluted net loss per common share</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.30 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.33 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.33 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.31 </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Basic and diluted weighted average number of common shares outstanding</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,991,371 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69,034,823 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>69,047,161 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76,769,199 </td> <td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes stock option activity during the year ended December&nbsp;31, 2014: </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:16.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Shares </font></p> </td> <td valign="bottom" style="width:01.22%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">average</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">exercise</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">price </font></p> </td> <td valign="bottom" style="width:00.92%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:13.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">average</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">remaining</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">contractual</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">life (years) </font></p> </td> <td valign="bottom" style="width:00.92%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Aggregate</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">intrinsic</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">value </font></p> </td> <td valign="bottom" style="width:00.92%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Outstanding at January&nbsp;1</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,814,417 </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:08.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.90 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Options granted</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,276,427 </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.90 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Options exercised</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(206,389 </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.14 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.18%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Options cancelled</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,055,112 </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">)</font></p> </td> <td valign="bottom" style="width:02.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.35 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.18%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Outstanding at December&nbsp;31</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,829,343 </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.50%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:08.74%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.17 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.35 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.84%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.18%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>70,082 </td> <td valign="bottom" style="width:00.92%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:00.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:41.80%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Exercisable at December&nbsp;31</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.80%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,915,662 </td> <td valign="bottom" style="width:01.22%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.50%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:08.74%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.67 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.68%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.17 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.84%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:10.18%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>70,082 </td> <td valign="bottom" style="width:00.92%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:5pt 0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="8" valign="bottom" style="width:57.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Years ended December&nbsp;31, </font></p> </td> <td valign="bottom" style="width:03.26%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:17.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:03.26%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:17.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2013 </font></p> </td> <td valign="bottom" style="width:03.26%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:17.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2012 </font></p> </td> <td valign="bottom" style="width:03.26%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Risk-free interest rate</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.88&nbsp; </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.20&nbsp; </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.11&nbsp; </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Expected life in years</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">6.25&nbsp;years</font></p> </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">6.25&nbsp;years</font></p> </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">6.25&nbsp;years</font></p> </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Volatility</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104&nbsp; </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102&nbsp; </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">%</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101&nbsp; </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">%</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:38.02%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Expected dividend yield</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.98%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:16.08%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&#x2014;</font></p> </td> <td valign="bottom" style="width:03.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrecognized stock-based compensation expense as of December&nbsp;31, 2014 was as follows (dollars in thousands): </font> </p> <p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;"> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:24.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unrecognized</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">stock</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">compensation</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">expense as of</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December&nbsp;31,</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014 </font></p> </td> <td valign="bottom" style="width:01.38%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:18.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Weighted</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">average</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">remaining</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">period</font><br /><font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">(in years) </font></p> </td> <td valign="bottom" style="width:01.38%;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:7.5pt;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Employee stock options</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.76%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:20.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,468&nbsp; </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.96%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.77&nbsp; </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Restricted stock</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.76%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:20.70%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,545&nbsp; </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.39&nbsp; </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:20.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">Total</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.76%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">$</font></p> </td> <td valign="bottom" style="width:20.70%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,013&nbsp; </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.26%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> <td valign="bottom" style="width:15.96%;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.87&nbsp; </td> <td valign="bottom" style="width:01.38%;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;">&nbsp;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:20.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> </tr> <tr style="CellSpacing:0;"> <td valign="bottom" style="width:53.16%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:03.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:20.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:02.26%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:15.96%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B;</font></p> </td> <td valign="bottom" style="width:01.38%;background-color: #FFFFFF;padding:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-family:Times;font-size:1.5pt;">&#x200B; &nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&nbsp;</font> </p> <p><font size="1"> </font></p> </div> </div> 22500000 13821000 9451000 9214000 13820000 4607000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Segment Reporting </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating segments are determined based on the way management organizes its business for making operating decisions and assessing performance. The Company has a single operating segment, which is the discovery, development and commercialization of drug products. </font> </p> <p><font size="1"> </font></p> </div> </div> 3322000 6030000 7431000 P4Y 25000 4.34 764022 3.67 45000 744514 4.63 3.65 39508 600000 300000 100000 4.56 P10Y P6Y3M P6Y3M P6Y3M 1.01 1.02 1.04 0.0111 0.0120 0.0188 10300000 11600000 1385022 70082 4915662 6.67 P4Y2M1D 904000 385000 435000 1055112 3276427 4.10 7.28 4.00 70082 6814417 8829343 6.90 6.17 P6Y4M6D 4.14 7.35 4.90 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Stock-Based Compensation </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company recognizes stock-based compensation expense based on the grant date fair value of stock options granted to employees, officers and directors. The Company uses the Black-Scholes option pricing model to determine the grant date fair value as management believes it is the most appropriate valuation method for its option grants. The Black-Scholes model requires inputs for risk-free interest rate, dividend yield, volatility and expected lives of the options. Expected volatility is based upon the weighted average historical volatility data of the Company's common stock. The risk-free rate for periods within the expected life of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. The expected lives for options granted represent the period of time that options granted are expected to be outstanding. The Company uses the simplified method for determining the expected lives of options. The Company estimates the forfeiture rate based on historical data. This analysis is re-evaluated at least annually and the forfeiture rate is adjusted as necessary. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For awards with graded vesting, the Company recognizes compensation costs based on the grant date fair value of awards on a straight-line basis over the requisite service period, which is generally the vesting period. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain of the employee stock options granted by the Company are structured to qualify as incentive stock options (ISOs). Under current tax regulations, the Company does not receive a tax deduction for the issuance, exercise or disposition of ISOs if the employee meets certain holding requirements. If the employee does not meet the holding requirements, a disqualifying disposition occurs, at which time the Company may receive a tax deduction. The Company does not record tax benefits related to ISOs unless and until a disqualifying disposition is reported. In the event of a disqualifying disposition, the entire tax benefit is recorded as a reduction of income tax expense. The Company has not recognized any income tax benefit for its share-based compensation arrangements due to the fact that the Company does not believe it is more likely than not it will realize the related deferred tax assets. </font> </p> <p><font size="1"> </font></p> </div> </div> 4.40 4.40 6.49 8.60 8.60 3.75 3.75 4.01 2.65 14774000 3000 413196000 5000 -398430000 75066000 2000 536277000 7000 -461220000 49091000 17000 600477000 9000 -551412000 65136000 4000 702694000 11000 -637573000 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">(5) Stockholders' Equity </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Common Stock </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each common stockholder is entitled to one vote for each common share of stock held. The common stock will vote together with all other classes and series of stock of the Company as a single class on all actions to be taken by the Company's stockholders. Each share of common stock is entitled to receive dividends, as and when declared by the Company's board of directors. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has never declared cash dividends on its common stock and does not expect to do so in the foreseeable future. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Registered Direct Offering </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In April 2014, the Company sold 1,250,000 shares of its common stock at a purchase price of $4.01 per share in a registered direct offering to an affiliate of a director who is its largest stockholder. These shares were sold directly without a placement agent, underwriter, broker or dealer. The net proceeds to the Company were approximately $5.0&nbsp;million after deducting offering expenses payable by the Company. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">At-The-Market Issuance Sales Agreements </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company entered into at-the-market issuance sales agreements (May 2012, May 2014 and July 2014 Sales Agreements) with MLV&nbsp;&amp;&nbsp;Co.&nbsp;LLC (MLV), pursuant to which the Company may issue and sell shares of its common stock from time to time, at the Company's option, through MLV as its sales agent. Sales of common stock through MLV may be made by any method that is deemed an "at-the-market" offering as defined in Rule&nbsp;415 promulgated under the Securities Act of 1933, as amended, including by means of ordinary brokers' transactions at market prices, in block transactions or as otherwise agreed by the Company and MLV. Subject to the terms and conditions of the Sales Agreements, MLV will use commercially reasonable efforts to sell the common stock based upon the Company's instructions (including any price, time or size limits or other customary parameters or conditions the Company may impose). The Company is not obligated to make any sales of its common stock under the Sales Agreements. Any shares sold will be sold pursuant to an effective shelf registration statement on Form&nbsp;S-3. The Company will pay MLV a commission of up to 3% of the gross proceeds. The May 2012 and May 2014 Sales Agreements were terminated by the Company upon the sale of substantially all stock authorized for sale under each such agreement. The July 2014 Sales Agreement may be terminated by the Company at any time. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In March and April 2014, the Company sold an aggregate of 6,588,875 shares of common stock pursuant to the May 2012 Sales Agreement for an aggregate of approximately $28.0&nbsp;million in gross proceeds at an average selling price of $4.25 per share. Net proceeds to the Company were approximately $27.3&nbsp;million after deducting commissions and other transactions costs. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From May 2014 through July 2014, the Company sold an aggregate of 9,424,193 shares of common stock pursuant to the May 2014 Sales Agreement for an aggregate of approximately $40.0&nbsp;million in gross proceeds at an average selling price of $4.24 per share. Net proceeds to the Company were approximately $39.2&nbsp;million after deducting commissions and other transactions costs. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In July 2014, the Company reserved up to $50&nbsp;million under its shelf registration statement for issuance under the July 2014 Sales Agreement. In the third quarter of 2014, the Company sold an aggregate of 5,679,685 shares of common stock pursuant to the July 2014 Sales Agreement for an aggregate of approximately $23.0&nbsp;million in gross proceeds at an average selling price of $4.05 per share. Net proceeds to the Company were approximately $22.5&nbsp;million after deducting commissions and other transactions costs. As of December&nbsp;31, 2014, approximately $27.0&nbsp;million remained reserved under the Company's shelf registration statement and the applicable prospectus supplement for possible future issuance under the July 2014 Sales Agreement. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Public Offering </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In November 2013, the Company raised approximately $60.4&nbsp;million in gross proceeds from the sale of an aggregate 16,100,000 shares of its common stock in a public offering at a public offering price of $3.75 per share, including 14,000,000 shares in the initial offering and 2,100,000 shares upon the full exercise of the underwriters' option to purchase additional shares. Certain of the Company's directors and their affiliates, including its largest stockholder, purchased an aggregate of 5,183,333 shares in this offering. The net offering proceeds to the Company were approximately $57.1&nbsp;million after deducting underwriters' discounts, fees and commissions, and other offering expenses payable by the Company. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Registered Direct Offerings </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In December 2012, the Company entered into common stock purchase agreements with investors and certain directors, including its largest stockholder, pursuant to which the Company sold 7,000,000 shares of its common stock in a registered direct offering at a purchase price of $8.60 per share. These shares were sold directly to these investors and directors without a placement agent, underwriter, broker or dealer. The net proceeds to the Company were approximately $59.8&nbsp;million after deducting estimated offering expenses payable by the Company. </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In July 2012, the Company entered into subscription agreements with certain directors, including its largest stockholder, pursuant to which the Company sold 3,976,702 shares of its common stock in a registered direct offering at a purchase price of $6.49 per share. These shares were sold directly to these directors without a placement agent, underwriter, broker or dealer. The net proceeds to the Company were approximately $25.8&nbsp;million after deducting estimated offering expenses payable by the Company. </font> </p> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Public Offering </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In January 2012 and February 2012, the Company raised approximately $35.4&nbsp;million in gross proceeds from the sale of an aggregate 8,050,000 shares of its common stock in a public offering at $4.40 per share, including 7,000,000 shares in the initial closing in January 2012 and 1,050,000 shares in a second closing in February 2012 upon the full exercise of the over-allotment option granted to the underwriters. One of the Company's directors, who is its largest stockholder, purchased 1,136,363 shares in this offering. The net offering proceeds to the Company were approximately $33.0&nbsp;million after deducting underwriters' discounts, fees and commissions, and other offering expenses payable by the Company. </font> </p> <p><font size="1"> </font></p> </div> </div> 7000000 1136363 8050000 1136363 1050000 3976702 7000000 2649535 14000000 16100000 2100000 5183333 6588875 1250000 9424193 5679685 75000 25000 45243 140000 764022 322298 114250 137424 206389 206389 35400000 60400000 28000000 40000000 23000000 1141000 1141000 1106000 1106000 854000 854000 3969 3969 32000 32000 16700000 7100000 0 0 0 0 <div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-weight:bold;font-size:10pt;">Use of Estimates </font> </p> <p style="margin:5pt 0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-family:Times;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates and assumptions include contract research accruals, recoverability of long-lived assets, measurement of stock-based compensation, and the periods of performance under collaborative research and development agreements. The Company bases its estimates on historical experience and various other assumptions that management believes to be reasonable under the circumstances. Changes in estimates are recorded in the period in which they become known. Actual results could differ from those estimates. </font> </p> <p><font size="1"> </font></p> </div> </div> 21400000 29900000 26900000 59411476 68991371 70976705 69034823 69047161 76769199 85438127 98489470 94046278 105774949 108366504